ports stay positive as exports of others in Florida slide
exports through Port Everglades and Jacksonville fell in the second
quarter 2000 compared to the previous year, business at Miami International
Airport gained 7.7% and at Port of Miami soared 19.4% in the period,
a world trade report shows.
Wachovia Corp. found an overall 12.9% gain in Florida's trade activity
in the period.
Port of Miami's growth through the year's first eight months equaled
the state's average almost 13% for exports and imports combined,
said Charles Towsley, port director.
in seaport business can be attributed to a number of factors, Mr.
Towsley said, prominent among them strong trade with Europe, a rebound
in trade with Asia and a strengthening in the South and Central American
seaport has been able to capitalize on new alliances among steamship
lines, he said, including the Grand Alliance of multiple firms this
year and a three-line Asian alliance in 1999. Those shippers share
cargo space and by using economies of scale increase their trade.
been fortunate enough to get some of those alliances," Mr. Towsley
International Airport is benefitting from improved economies in Brazil,
Ecuador and Venezuela, said Marc Henderson, airport information officer.
He cited increased electronics imports from Brazil and the reduced
inflation in Ecuador as that nation switched to dollar-denominated
Wachovia Florida World Trade Index showed Florida exports for the
second quarter were $7.45 billion 6.4% more than in the second
quarter '99. Exports were up 4.8%, the sale of manufactured exports
rose 5.9% and non-manufactured exports were up 17.6% in the quarter,
according to Wachovia.
valued Florida imports in the period at $10.78 billion 17.8%
more than in the second quarter of '99.
Kenneth Coppedge, Wachovia Florida banking president, said exports
to Latin America and the Far East showed some strength in the quarter
but "shipments to the European Union did not keep pace with previous
rates of growth."
pace of trade kept Florida in the No. 7 spot nationally, Mr. Coppedge
details in the state's second quarter trade picture this year compared
to second quarter '99, Wachovia reports, included a 12% rise in the
value of industrial machinery and equipment exported to $1.56 billion.
machinery and equipment is the state's largest export.
and electrical products, in the No. 2 spot, enjoyed a 14% boost to
$1.44 billion while sales of these products to Mexico more than tripled.
Brazil remained Florida's top trading partner in the quarter, Canada
held the No. 2 spot with 14% more purchases of Florida goods this
year than in second quarter 1999. Mexico now holds the No. 3 spot
at $443.5 million and a 6% share of all export activity.
International Airport's share of shipments, at $4.05 billion, rose
8% in the quarter, according to Wachovia.
trade deficit in the month, Wachovia says, was $3.33 billion.
food exports fell 7.6% in the second quarter, according to the Wachovia
study, the Port of Miami is strengthening its business in part due
to "an increased interest in perishable commodities coming back
from Central America," Mr. Towsley said.
region, hard hit by hurricane damage last year, he said, is now shipping
more bananas and melons into the seaport.